Look at the sharemarkets globally, they are in a tail spin. In...

Look at the sharemarkets globally, they are in a tail spin. In this sort of environment, who wants to be buying into a tiny mining stock, with its only asset in remote PNG, when the leases are not yet reconfirmed and the costs of developing the project are enormous. Its hundreds of millions of dollars of property plant and equipment required. How to fund that when credit markets are tight, and when frankly the nickel grades discussed in the last announcement look a bit too low.

Yes, It may well be that RMI are being very conservative on the estimates, and it is also true that the resources will probably expand lots with more drilling.

Sure the Chinese have been buying shares recently, but perhaps even they might figure that now is not the time to be rushing in.

Never investment advice, only my observation. Always do your own research and if in doubt sek professional independent advice.